Cyber Liability Insurance

... rated our service at excellent. Download Cyber Liability Insurance Fact Sheet Get the cover that is right for you With the policies available through BizCover you can choose coverage amounts between $50,000 to $2 ...

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Cyber Liability Insurance: the safety net small businesses need

It may have taken some time for the reality to hit, but the wider public is now starting to realise that hackers aren't just fictional brooding movie villains - they ... AS A FIREWALL While prevention is the simplest way to minimise the chance of a cyber-attack occurring, Cyber Liability insurance will help to reduce subsequent damage to your business by covering the expenses and ...

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Cyber Security For Small Business

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Cyber Insurance: Is it worth it?

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Insurance for Car Wash and Auto Detailers

... employment practices liability and statutory liability risks.  Some of the types of Business Insurance coverages you may ... personal liability for alleged or actual wrongdoing. Cyber Liability Insurance* Cyber Liability ...

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The Remaining Risk: What Isn't Covered and Why it Matters

One of the most common issues with Business Insurance is that policy owners often fail to understand what it does protect you against, and the risks that still remain ... Cover The first step to knowing what your coverage includes is to understand its purpose. This will ... week) until you can work again. Cyber Liability Insurance – Cyber Liability Insurance protects against the expenses and ...

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Insurance for Professionals

... * Cyber liability insurance is a type of business insurance product which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents. Your coverage ...

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The Other Virus - Making Your Small Business Cybersafe When Working From Home

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Insurance for Civil Engineers- what you need to know

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5 Surprising Things Business Insurance Can Cover

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Help Protect your small business' reputation

When it comes to running a small business, your brand and its reputation are priceless. No doubt you've spent countless hours establishing your name by building strong ... 's (Dual Australia, 2018). If your business were to be the victim of a cyber attack, Cyber Liability insurance is there to help by providing coverage for expenses and legal costs (which can add up very quickly and become ...

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Insurance for IT Professionals

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7 Types of Insurance Your Small Business Should Consider

If you own a small business, there's no denying one the most important things you need to protect your assets is Small Business Insurance. But what kind of insurance ... as a package encompassing a range of different coverage options for you to choose from, with the ... holding a Cyber Liability policy. Cyber Liability Insurance protects your business in the event of a cyber attack. Whether ...

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Insurance for Retailers

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Insurance for Allied Health Professionals

... provide additional forms of cover. Business insurance coverage sections that are commonly relevant for Allied ... about their personal health or billing information. Cyber Liability insurance helps to protect you from claims ...

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Insurance for Restaurants

... Tax Office for auditing. The policy offers coverage for the costs of accountants and other nominated ... payment desk - with your EFTPOS machine hacked. Cyber Liability insurance helps to protect you from claims and ...

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Preparing your store for the holiday season ahead

The holiday season is upon us, which is an important time for retail businesses. It can provide a much needed boost in sales, but on the flip side it can also mean an ... access systems and data. Therefore, a Cyber Liability insurance policy can act as your safety ... business, which includes having sufficient Business Insurance coverage to provide financial protection. Depending on the ...

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Home Based Business Insurance

... protection in place if you were to accidently cause injury to them or damage to their personal property. Cyber Liability* Take the time to consider the consequences if the client data you had stored was compromised. The ...

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Insurance for Project Managers

... the business and its directors or officers for claims of wrongful acts in the management of the business.  Cyber Liability*  Take the time to think about the client data or personal information you may be storing and ...

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Finding the Right Business Insurance Can Be Hard but BizCover Makes it Easy

Getting a quote can be done online and only takes a few minutes. If you run a business, it is absolutely essential that you look to see how you can protect yourself and ... , professional indemnity, cyber liability, business interruption and tax audit insurance. In many cases, businesses will need to mix and match different types of coverage to make sure they are fully protected. Figuring ...

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7 Things Accountants Needs to Consider When Applying For Professional Indemnity Insurance

Buying any insurance, can be a confusing and time consuming process. And when it comes to getting your Professional Indemnity Insurance, it can be even more so. Here ... -made policies will have an exclusion that eliminates coverage for claims made on events that took place ... risk to your business and may need to consider a cyber liability policy. It's important to look at the whole scope ...

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Protecting your Business from Cyber Risks - Part 1

... at the common types of cyber risks that SMEs face and ... with potential scams. Types of cyber risks Cybercrime Spotting [] ... . We offer a range of business insurance options to suit your business needs, including Cyber Liability insurance*. Cyber Liability insurance * is designed to help protect you from claims and support your profitability ...

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Protecting your Business from Cyber Risks - Part 2

In Part 2 of our cyber risk series, we take a ... . We also explain what Cyber Liability insurance is and why you ... security plan. Tips to stay Cyber Liability insurance? Cyber Liability insurance* is designed to help protect you from claims and support your profitability in the ...

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Who is Covered Under an IT Liability Policy?

... information technology sector face potential liabilities from clients and third parties ... ... with covered claims. What about Products and Public Liability? As part of the coverage under IT Liability policies, many insurers also provide products and public liability for claims arising out of the products the ...

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Is Your Businesses Target for Cyber Criminals?

... have become a target for cyber criminals, but there are simple ... managing director Michael Gottlieb explains. Cyber crime is one of the ... ... instance, a medical centre on the Gold Coast and a mechanic in Alice Springs were two recent victims of cyber crime. Given the majority of organisations don't even know where to start when it comes to protecting against ...

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Public Liability PPC

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Legal Requirement for Public Liability Insurance

Public liability insurance covers your business for ... ' activities. Failure in obtaining public liability insurance policy can expose a ... ... costs can potentially cripple a business as they are paid out of pocket. Type and Level of Public Liability Insurance As with other forms of insurance, the level of cover required varies dependent on the risk assessment ...

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Public Liability NSW

... ! The last thing you want to think about is paying for unexpected accidents – they do happen! Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a ...

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Public Liability QLD

... a small business operating in the Trades & Service industry in Queensland can expect to pay for Public Liability insurance is around $84.03 per month. There are a variety of occupations classified within this industry ...

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Public Liability WA

... tripping on a box you didn't put away or your employee damaged a client's antique property? A Public Liability insurance policy will help give you peace of mind. We know, sometimes you just want a quick idea of how ...

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What Tradies Need to Know About Public Liability Insurance

... ins and outs of Public Liability insurance and what you need ... bits. So what is Public Liability insurance? In a nutshell, Public ... Liability ... don‘t quite go plan. As a tradie, it can even be a contractual requirement that you have Public Liability insurance in place well before picking up the tools and putting boots on site. Always check the level of cover ...

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How much does Public Liability Insurance Cost?

... contracts you take on and/or industry-based requirements. What is the average monthly cost of Public Liability insurance by level of cover? Coverage level Number of customers with this level of cover Average Public ...

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Management Liability Insurance

... duty Defamation Statutory fines & penalties A Management Liability Policy can cover You can tailor your Management Liability policy to suit your businesses' needs. Types of coverage you can take out include: Directors & ...

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Stay Smart Online Week: Q&A with experts on Small Business Cyber Risks

This week is Stay Smart Online Week; a government initiative that aims to reverse the threat of cybercrime. Small businesses are some of the biggest growing targets for ... for more information: o https://www.cyber.gov.au/sites/default/files/2019-03/msp_questionnaire.pdf o https://www.cyber.gov.au/publications/questions-to-ask-managed-service-providers · Understand and manage your supply ...

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What is Product Liability Insurance?

... injury or property damage as a result of a product defect can be expensive, and without the right Product Liability insurance you could find yourself in hot water. If you operate as a sole trader, you will potentially be ...

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Public Liability Insurance in Perth

... businesses? On average, small businesses in Perth pay $33.80**per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is ...

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Public Liability Insurance in Rockhampton

... businesses? On average, small businesses in Rockhampton pay $35.40**per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it ...

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Public Liability Insurance in Mandurah

... defence costs) could potentially send you out of business. That's why you should consider Public Liability insurance to provide the financial protection your business deserves. “The guy who I dealt with would definitely ...

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Public Liability Insurance in Hobart

... willing to do anything they can to help. Would highly recommend!” Jack R. Concretor How much does Public Liability insurance cost for Hobart Businesses? On average, small businesses in Hobart around $29.30**per month for ...

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Public Liability Insurance in Darwin

... cost? On average, small businesses in Darwin pay around $30.80**per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is ...

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Public Liability Insurance in Brisbane

... cost? On average, small businesses in Brisbane pay around $55**per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is ...

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Public Liability Insurance in Adelaide

... busy in the role and needed insurance sorted. THANKS” Jillian C. Business Owner How much does Public Liability insurance cost for Adelaide businesses? On average, small businesses in Adelaide pay around $37.50**per month ...

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Public Liability Insurance in Port Macquarie

... ? On average, small businesses in Port Macquarie pay $26.30**per month for a Public Liability insurance policy. Public Liability insurance is one of the most popular types of insurance for businesses. In fact, it is ...

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What is Public Liability Insurance?

... 75,000 as well as defence costs (to the assessor and lawyer) of $30,000. Without the public liability insurance, the graphic design business would have been liable for over $100,000! *As with any insurance, cover ...

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Public Liability

... to take reasonable steps for the safety of your customers, suppliers, community and their property. Public Liability Insurance is designed to provide protection for you and your business in the event a customer, supplier ...

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How much Public Liability insurance do I need?

... be nice to have a crystal ball to know exactly how much cover you should have, but the amount of Public Liability cover you choose is ultimately up to you. Many business contracts will include a minimum amount of Public ...

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Do I need Public Liability insurance?

... private client contract, or as part of a lease agreement for renting a commercial property. Do I need Public Liability Insurance if I have a home-based business? Running your business from home can bring a whole host of ...

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What does Public Liability insurance cover?

... means you could well end up paying for the claim straight from your back pocket. Bear in mind that Public Liability insurance is designed for all types of businesses, not just those who work in an office or have a ...

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Public Liability Insurance for Cabinet Makers

Working as a cabinet maker, you are presented with many risks from the moment you pick up your tools. Protecting your business against unplanned challenges, like an accident ... under a contract or as a condition of entry to a worksite. If so, make sure you have your Public Liability insurance policy sorted before you pick up the tools and that you have the right level of cover required. What ...

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Public Liability Insurance Scenario

Just imagine: A phone call out of the blue. The caller has a voice you don't recognise. He's telling you he is hurt - badly - and you're responsible. You hang up. He ... work makes sense. Someone who knows this only too well is lawyer Dimi Ionnou, who deals exclusively with public liability law cases at the Melbourne office of law firm Maurice Blackburn. She hears daily of the sorts of ...

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Protect your business with Statutory Liability Cover

There are many different types of insurance policies available to small businesses to protect against countless number of unexpected events, such as injury caused to ... with your Business Insurance. In this post, we will explore the facts, benefits and features of Statutory Liability insurance. Australia and the law There are many acts of legislation in Australia, in fact, there are ...

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Statutory Liability

What’s covered & what’s notThings to considerBack to Business Insurance Statutory Liability* Statutory Liability insurance covers the company, senior management and employees for allegations of wrongful breaches of key ...

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Employment Practices Liability

... ’s covered & what’s notThings to considerBack to Business Insurance Employment Practices Liability Cover* Employment Practices Liability (EPL) Insurance is designed to help employers minimise the risk and potential cost ...

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Insurance for Massage & Alternative Therapies

... . In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks Cyber Liability* Cyber Liability insurance- A cyber liability insurance policy is designed* to help ...

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Insurance for Finance & Mortgage Brokers

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Insurance for Consultants

... * Consider the client data you may storing and the consequences if your systems were compromised. A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the ...

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Life after lockdown - How to re-open your small business

After months of being in COVID-19 lockdown, restrictions are beginning to ease and businesses are slowly starting to head back to normality. It will take time and patience ... scams and over $700,000 in losses since the outbreak of the virus. Small businesses are not immune from cyber-crime and Cyber Liability insurance can be a wise choice when it comes to protecting your business online ...

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Insurance for Psychologists

... the client data or personal information you may be storing and the consequences if it were to be compromised. Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a ...

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Insurance for Recruitment Consultants

... * Consider the client and candidate data you are storing and the consequences if it were to be compromised. Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a ...

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Business Insurance Guide for the Self-Employed - Part 4

... Accident and Illness insurance and Cyber Liability insurance. We share the ins ... ... was $40,800. This allowed him to recover without worrying about his lost income. Cyber Liability What is Cyber Liability insurance? Cyber Liability insurance* is designed to help protect you from claims and support your ...

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Scams & Cybercrime at Tax Time

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Business Horror Stories

... are the victims of a cyber [] ... and the crime section of their policy covered them. Business Insurance cover options such as Management Liability and Cyber Liability are little known but have the potential to save a business from a very real threat ...

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Insurance for Gift Shops

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Insurance for Marketing Consultants

... or personal information you may be storing and the consequences if it were to be compromised. A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of ...

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What are the Insurance Options for Land Surveyors?

Land surveyors have multiple responsibilities on their shoulders. While they work exceptionally hard, mistakes can occur and have the potential to lead to legal action ... or your business has expensive equipment in your business premises or when out in the field. Cyber Liability Since land surveyors typically maintain records of their clients' personal details and other proprietary data ...

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Insurance for architects- the blueprint to success

The career of an architect is an exciting one, yet it's not one without risk. From the ground up, your responsibilities are skyscraper high. Beginning with the first ... costs of running your business and lost revenue while it is out of action due to an insurable event. Cyber Liability There's a reason why you're in the business of architecture. You create unique designs that make you ...

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Insurance for Land Surveyors

... and where it is located. You can pick and choose the cover options that suit your business needs best. Cyber Liability* Take the time to consider the client data you are storing and the potential consequences if it were ...

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Five Tips for Starting your Home-based Business

Sometimes it takes extraordinary circumstances to take the leap of faith to start your own home-based business. The COVID-19 pandemic has made this an option for many ... a fire, storm or due to malicious damage or some other defined event listed in the policy. Cyber Liability*: Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a ...

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Insurance for Accountants

... the client data you are storing and if there was a breach of confidentiality by your system being hacked. Cyber Liability insurance helps to protect you from claims and supports your profitability in the event of a ...

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The Risks of Growing Your Small Business

The only strategy that is guaranteed to fail is not taking risks. Mark Zuckerberg There comes a time when every successful enterprise needs to ditch the baby steps, ... to operate your business at full capacity for a few days, a month or even a year. Consider Cyber Liability insurance, especially if your business relies on a website or online activity. Malware is becoming more prevalent ...

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The Easter Bunny's Guide to Business Insurance

Each year at Easter millions of kilograms of chocolate are purchased and consumed around the world. In Australia alone close to $200 million is spent on Easter chocolate ... number of customers. You can imagine the kind of lawsuit that would quickly follow. Having Product Liability coverage would assure the Easter Bunny that he is protected against any claims of damages for illness caused ...

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Turn the spotlight on hackers and protect your data

Your business might pride itself on great service or friendly staff, but your success is really built on the trust your customers have in you. After all, when they hand ... miles away. But it's also good to be prepared for any potential costs. For example, Cyber Liability Insurance covers your business against the expenses associated with data breaches. This includes the cost of business ...

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Insurance for Nurses

... . Just think of the slip and trip hazards that could be created in the course of your work. Cyber Liability* If you collect and store information about your patient consider the consequences if it were to be compromised ...

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5 Questions to ask yourself before buying Insurance for your Small Business

Know you need business insurance but aren't sure how to get started? Which policy is right? How much cover is enough? Whether you're opening up a new business or have ... or accidental damage, as well as financial loss for business interruption due to an insured event Cyber Liability insurance protects businesses against the costs associated with data breaches, being hacked or the theft ...

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Insurance for Registered Migration Agents

... of running your business, as well as lost revenue while it is of action due to an insurable event. Cyber Liability* Consider the client data you are storing and the consequences if it were to be compromised. Protect your ...

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Insurance for Disability Workers

... the public is injured or sustains property damage as a result of your negligent business activities. A public liability claim could arise from forgetting to clean a spill on the floor, causing someone to slip and injure ...

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Insurance for Hair & Beauty Services

... kinds of risks does my salon present? Does your landlord require you to have a particular level of Public Liability? How much would it cost to replace your stock, contents and salon equipment if it was lost, damaged or ...

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BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... small businesses to critical Professional Liability (E&O) insurance solutions. With ... ... allows customers to compare quotes, customize coverage, and buy online within minutes. We ... underwriting, and a new way of pricing professional liability insurance for independent professionals and small businesses. Our ...

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Insurance for Yoga Teachers

... an in-home private session, or you damage the wall-to-wall mirror in your hired studio your Public Liability insurance can provide you with peace of mind. Finding the right Yoga Teacher insurance should be as easy as ...

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Insurance for Personal Trainers

... gym or fitness studio, or to obtain a council permit to operate your business in public areas. Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or ...

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What is Cyber Liability Insurance

Hackers. These are not just dodgy movie characters but real life people, doing real damage to businesses across the globe, including Australia. If you’re thinking your small business down under is of no interest to these criminals, think again. Every business with an online presence is at risk of a cyber attack and with cyber crime claiming  6 million victims in 2018it might be time to bite the bullet and get the right cover for your business.i 

Cyber Liability insurance* is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event. 

In a nutshell, your customer data is sacred. If you don’t protect it properly, your business may be fed to the wolves. 

If you’re still not convinced your business may be at risk, here are the cold hard facts about doing business in today’s technically advanced world: 



Independent feedback from our customers rated our service at excellent.

What is included?

  • Business interruption costs 
  • Investigation and data recovery costs 
  • Fines and penalties 
  • Extortion costs 
  • PR and crisis management costs 

What is typically NOT covered?

  • Replacement equipment 
  • Property damage 
  • Prior known facts / circumstances (before the policy commenced)  
  • Intentional acts 

Download Cyber Liability Insurance Fact Sheet

Get the cover that is right for you

With the policies available through BizCover you can choose coverage amounts between $50,000 to $2 million 

Sit back for a minute and think about this….it might be the first time you have considered the impact on your business if your website was taken offline?  Could your business survive the reputation damage, and the losses associated with a data breach 

You should consider what your business requires including by reference to 

Who benefits from this type of Insurance:

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.  The information contained on this web page is general only and should not be relied upon as advice. 

 

Could this happen to you?

Hackers are alive and well and get a thrill out of making business owners sweat. Cyber Liability Insurance can reduce your risks and help you rest easy knowing your business is covered from even the craftiest of criminals. 

Here are is an example: 

The cost of lost data

An insured accountant had an employee who accidentally misplaced a company laptop that contained a list of 1000 client tax records and credit card details. A policy payment totalling $250,000 was made to cover the costs involved with notifying the affected individuals and the Privacy Commisioner of the data breach. The cost of hiring a Public Relations firm to assist the insured with re-building their business reputation was also included.iii 

 


[i] Australian Cyber Security Centre, 2019, https://www.cyber.gov.au/news/sso-launch
[ii] Australian Criminal Intelligence Commision, Cybercrime, 2019, https://www.acic.gov.au/about-crime/organised-crime-groups/cybercrime
[iii] Dual Australia, Cyber Claims Examples, Accessed 2019

 

Cyber Security For Small Businesses

With more and more cyber criminals targeting SMEs, how can small businesses protect themselves?

*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice

Cyber Liability Insurance Infographic